There's nothing you can do, the billionaire mouthpiece continued. If you try to tax them the billionaires will punish you.
Fear the billionaires. Know your place.
The 5% thing is not even remotely the biggest problem.
Also, what prevents them from doing a 5% tax again in a few years, or lowering the limit to who must pay it?
https://x.com/JaredWalczak/status/2011506494282309720
https://x.com/JesseTinsley/status/2012269748982370698
https://taxfoundation.org/research/all/state/california-weal...
pseudolus•1h ago